4100 Belmont Ave - Restaurant FOR SALE


Youngstown, OH 44505
$2,121,000 USD
216-381-8200
4100 Belmont Ave, Youngstown, OH for Sale
$2,121,000 USD
Restaurant - FOR SALE
1/8
null | 5.91% Cap Rate

4100 Belmont Ave
Youngstown, OH 44505


HIGHLIGHTS

  • Corporate Lease Guaranteed by Chipotle Mexican Grill, Inc. (NYSE: CMG)
  • Interstate 80 Exit Location Adjacent Starbucks
  • Tenant Maintains Parking Lot Including Landscaping and Snowplowing
  • Transferrable Roof Warranty
  • 9 Years Guaranteed Term Remain with 10% Increases Every 5 Years
  • Brand New Building with Chipotle's Newest Prototype

OVERVIEW

For sale to qualified investors is the fee simple interest in a corporate lease with Chipotle Mexican Grill, Inc., located in Youngstown, Ohio. The property is located at the Interstate 80 exit serving Liberty and Youngstown, Ohio, adjacent Starbucks. The 2,325 square foot building features a drive thru, indoor seating and outdoor patio seating. The lease features a corporate guaranty, 9 years of guaranteed term remaining with 10% increases every 5 years, and is a rare “hands-off” Chipotle lease. Chipotle is responsible for the groundskeeping and parking lot, leaving no day-to-day management responsibilities for the owner. Also included with this offering is a transferable 20-year roof warranty. The property is surrounded by other retail, hospitality and businesses, and is convenient to customers both locally and more regionally from adjacent Interstate 80 exits. Investment in this asset will offer the buyer the opportunity to own a hands-off corporate lease with a brand-new prototypical building with immediate freeway access and exposure.

FOR SALE DETAILS

PRICE

$2,121,000 USD

PRICE/SF

$912 USD /SF

CAP RATE

5.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

12-700100

ASK ABOUT THIS PROPERTY

Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

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Kyle HartungGoodman Real Estate Services GroupMore Info
216-381-8200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.